I am not so sure about EU continuing this new uptrend, but the price yet points up, so not selling yet.
Two things I will watch from Monday are:
1. The SP500 Index and risk aversion. Latelly with the Covid-19 story EU is moving along very well. Trumps trade war which took fire again at Friday will not help the markets also.
2. USDX unemployment release which will not be good at all (see the FF calendar for more info).
Also to ad on my first point the US Dollar used by investors like a safe haven currency and Euro like a funding currency. So we may see a surprise fall from the EU and a surprise bounce up from USDX.
Source: ActionForex
Two things I will watch from Monday are:
1. The SP500 Index and risk aversion. Latelly with the Covid-19 story EU is moving along very well. Trumps trade war which took fire again at Friday will not help the markets also.
2. USDX unemployment release which will not be good at all (see the FF calendar for more info).
Also to ad on my first point the US Dollar used by investors like a safe haven currency and Euro like a funding currency. So we may see a surprise fall from the EU and a surprise bounce up from USDX.
Source: ActionForex
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